Trump Unveils $200 Billion Korean Power Package Including 8 Reactors and Alaska LNG
Updated
Updated · The New York Times · Sep 30
Trump Unveils $200 Billion Korean Power Package Including 8 Reactors and Alaska LNG
3 articles · Updated · The New York Times · Sep 30
Summary
$200 billion in planned South Korean investment would fund U.S. power projects including a Texas generation plant, eight nuclear reactors and an Alaska LNG facility, the Trump administration said Wednesday.
The package expands on an earlier $54 billion Alaska LNG announcement and is being presented as part of South Korea's broader $350 billion U.S. investment pledge tied to last year's trade deal.
That commitment faces skepticism because South Korea's U.S. foreign direct investment stood at $95 billion in 2025, and Seoul has said projects will proceed only if they are economically viable.
Alaska LNG remains especially uncertain: the long-discussed project has not been formally approved by its developer despite its appeal as a route to ship North Slope gas to importers such as South Korea and Japan.
The White House rolled out the projects as it seeks to strengthen its economic message before November's midterm elections, with Alaska also emerging as a competitive Senate battleground.